US President Donald Trump promotes the dialogue of the US dollar through the working group structure, judicial inspection, banking rules, stabechoin and through the taxation of cryptocurrency.
Establishing a “taxonomy” of digital assets clearly defined that cryptocurrency securities and the items that are the first issue mentioned in the report released on Wednesday was the first issue.
For recommendations in the document, assets of court -overs overs should be shared between the Commodity Futures Trading Commission (CFTC) and the Safety and Admission Commission (SEC) (SEC) (SEC) (SEC). The CFTC spot is oversight on crypto markets.
The working group recommended that SEC and CFTC should cooperate on the Crypto oversight. Commodity tokens should be governed by CFTC, which will be presented for securiting other tokens securities. The author of the report will make a clearly defined crypto market structure US global leadership in digital assets.
The response in response to the report stated in response to the response, “A rational regulator for digital assets, Framework, Catles is the best way of American innovation, protects investors from fraud, and maintains our capital markets the world’s jealousy.”
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Banking rules should be reduced, clearly defined
A major proposal mentioned by the work group was to keep banks in custody custody and provide the ability to provide digital asset services to customers.
The group recommended that banned regulators should stream the process to obtain bank charter and make the requirements more transparent.
The report also underlined stabechoin and payments, touching the need for stabecoin to protect US dollar dominance.
As expected, the author Urdu Congress to pass the CBDC Anti-Surevilments State Act and to ban the research and development of a central bank digital currency in the US.
However, the report highlights several characteristics that make stabilcin uninterrupted from CBDCs.
“A unique feature of stablecoins is that the stablecoin issues can coordinate with law enforcement to freeze and seize assets to combat illegal use,”
Resist clear rules around taxation
Finally, the report recommended that the conflict establishes a custom-teld policy for cryptocurrency and establishs a policy that is responsible for the unique characteristics of the asset class including staging.
“The law should be implemented which considers digital assets as a new class that is a new class of the report of property subsidized versions.
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